Lucknow Press
Decathlon Investments: French sports retail company Decathlon is accelerating its investments to increase its production and further expand its retail presence in India. The company Decathlon plans to invest 100 million euros (about Rs 933 crore) over the next five years to expand its retail business and manufacturing operations in India. Decathlon expects the Indian market to continue its “high growth rate”.
Decathlon India Chief Executive Officer (CEO) Shankar Chatterjee said the company expects to double its business in the next three to five years. It plans to build a network of 190 stores. As part of the expansion, the target is to increase the number of stores to more than 90 in the next five years. Chatterjee said, “Our target is to bring domestic manufacturing to 85 percent for Decathlon India by 2026.”
Decathlon plans to open 10-15 new stores every year, boost online sales and increase localisation as part of its expansion. “India is a unique market with a lot of opportunities. We are committed to intensify our efforts in India,” he said.
